Standards
In this economics drag and drop, students will learn about the different types of market structures.
Instructions
- Drag and Drop: You will see four boxes labeled with market structures like “Pure Competition” and “Monopoly.” Below the boxes, there are draggable answer blocks with information about different market structures.
- Objective: Your task is to drag each answer block to the correct market structure box based on its characteristics and examples.
- Dragging an Answer: Click and hold on an answer block, then move it to the market structure box you think it belongs to.
Market Structures Drag and Drop Activity
Pure Competition
Monopolistic Competition
Oligopoly
Monopoly
Many firms
Identical products
No control over prices
Easy to enter
No non-price competition
Agriculture
Stocks
Many firms
Different products
Some control over prices
Fairly easy to enter
A lot of non-price competition
Gas stations
Fast food restaurants
Dry cleaners
Few firms
Similar or different products
Significant control over prices
Difficult to enter
A lot of non-price competition if products are differentiated
Soaps
Cars
Airlines
Copper
Glass
One firm
A unique (different) product
Significant control over prices
Difficult to enter
Non-price competition may exist
Companies with patents
Regulated public utilities
Subjects:
Economics